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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $127.84
- 3 Days on Market
- MLS # : 14505090
- Updated Date : 01/22/2021 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,252 sqft
- Baths : 2 full , 1 half
Listing Agent
Lgi Homes
Listing Agent's Description
New! Move in ready! This lovely 4 bedroom home features a large family room with lots of light. The fully equipped kitchen showcases new, energy efficient kitchen appliances (including refrigerator), and stunning granite countertops. The spacious master suite features a large walk in closet, garden tub and separate walk in shower. This home is a must see!
SEE MORE
- Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
- Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
- Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
PRICE & RENT TRENDS
Zip Code: 76036
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76036
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,000 |
| Property Tax | -$713 | |
| Property Insurance | -$157 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$180
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$287,900
PROJECTED PRICE
$1,820
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,294
LOAN DETAILS
$1,000
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,975 |
| Loan Amount | $215,925 |
1.33
YEARS SAVED
$2,103
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,818
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
13629 Lansman Drive Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,820
- $0.81
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4108 Tower Bridge Lane Crowley, TX 1
- 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 2017
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,600
- $0.83
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1228 Cottonwood Drive Crowley, TX 2
- 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 2009
LEASED 11/22/19- Rent
- Rent Per SQFT
- $1,725
- $0.77
-
784 Keel Line Drive Crowley, TX 3
- 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 2012
LEASED 09/24/20- Rent
- Rent Per SQFT
- $1,795
- $0.84
-
669 Rapid Way Crowley, TX 4
- 5 beds 2 baths ∙ 2,276 Sqft ∙ Built 2006 5 beds 2 baths ∙ 2,276 Sqft ∙ Built 2006
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,795
- $0.79
PROPERTY LISTING DETAILS
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14505090
Last Updated: 01/22/2021
